Try trimming away processes and activities which add no value
MAY 13, 2020
#Tip: Try trimming away processes and activities which add no value to your supply chain. High transportation costs, procurement costs, inventory and storage costs, waste in the supply chain, inadequate inventory management, and poor forecast accuracy are all areas to examine in detail if you want your supply chain to support rather than hinder overall business success. A great deal of cost can be saved not by making cuts per se, but by improving, streamlining, and optimizing the supply chain.